A new report indicates that the Indian realty sector may face an oversupply of office spaces, leading to declining rentals and increasing vacancy rates.
A report from REIS indicates stability in India's commercial real estate market, suggesting advantageous leasing conditions for tenants in 2010.
The realty market witnesses a resurgence in demand for luxury homes, not just in prime locations like Bangalore and Mumbai but also in tier-II and tier-III cities like Nagpur and Ahmadabad.
The real estate sector's growth has been significant, but challenges due to varying laws across states hinder a national presence for developers.
JLLM signs contract with Wipro to manage 2.3M sqft office space in Bengaluru, Mumbai & Mysore
Integrated commercial spaces, mirroring residential complexes, are gaining traction in India, offering office spaces, hotels, and retail areas within a single development.
Senior housing is emerging as a promising real estate sector in India, driven by changing mindsets, financial independence, and a growing senior population.
JLLM report predicts rising residential property prices in Mumbai and growth in commercial real estate demand until the end of 2010, supported by infrastructure projects.
Demand for super luxury housing in India, ranging from Rs. 4 cr to Rs. 30 cr, has surged by 30-40%, prompting developers like Lodha, Orbit, and Skyline to focus on boutique homes.
Malls in India see 16% vacancy rate as brands shift to high street stores due to viability, visibility, and branding issues.
Potential home buyers may find deals in April-May as developers face pressure to sell unsold stock at lower prices due to financial crunch.
ED investigates potential Russian land mafia involvement in Goa's real estate between 2000-2007, seeking state government's assistance to scrutinize large-scale land acquisitions by Indian companies believed to front for illegal Russian ownership.
A global real estate consultant warns that the US economic slowdown could reduce demand for IT/ITeS office space in Gurgaon and Noida in 2H08, impacting growth in Delhi NCR suburbs.
Indian real estate developers halt land acquisitions amid market downturn, rising interest rates, and funding challenges. Tepid sales and cash crunches force project delays and potential distress sales.
Mumbai suburbs to see 10-20% property price drop by March 2009, Jones Lang LaSalle Meghraj predicts, citing excess supply beyond Borivali, Thane, and Navi Mumbai.
British developer Berkley Group targets Indian investors with London properties priced Rs 2-8 crore. JLLM predicts £15 billion investment by Indians in UK real estate by 2018.
HDFC chairman criticizes developers for not differentiating between super built-up and carpet area, misleading buyers. Industry experts discuss varying building bylaws and the unavoidable inclusion of FSI-free areas in property pricing.
Real Estate Market to Witness 15-20% Price Correction Post-Monsoon
Retail sector in India shows massive potential with growth and consolidation expected in the medium term
The Indian real estate sector is evolving, requiring a diverse skill set to support its growth in sustainable development and specialized infrastructure needs.
RBI's decision to hold interest rates steady has disappointed the real estate sector, which is grappling with a housing slowdown. Industry experts express concern over high mortgage costs and anticipate varied impacts across markets.